Date: February 7, 2002
Source: News Room
Versar, Inc. (Amex: VSR - news) has announced the final results for the second quarter of fiscal year 2002 ended December 31, 2001. Operating income for the second quarter of fiscal year 2002 was $1,134,000, representing a 101% increase over the results of the second quarter of fiscal year 2001, the best quarter in the company's history. Income from continuing operations for the second quarter of fiscal year 2002 was $741,000 or $0.11 per share, an increase of 184% over the second quarter results of fiscal year 2001. Versar experienced a significant increase in business activities associated with its Homeland Defense business segment due to the recent anthrax outbreak and other terrorist concerns. Versar has now responded to over 200 new clients providing emergency response, sampling and analysis, vulnerability and facilities operations assessments, as well as personal protective programs and remediation solutions. More information: www.versar.com/.
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